62% of traders choose to go long $SUI . Does this mean that a buying opportunity has arrived? Currently, the entire cryptocurrency market is experiencing a significant recovery phase. Against this backdrop, SUI, a layer 1 blockchain, has attracted attention due to the potential buy signals emitted by its on-chain indicators. Since early September 2024, SUI has achieved a significant growth of 175%, attracting the attention and investment of a large number of investors and traders.

From a technical analysis perspective, SUI shows a positive trend. It has managed to break above the strong resistance at $2.01 and is heading towards a new all-time high. This breakout, combined with a close above resistance on the daily chart, paves the way for a further upward rebound in SUI.

Looking at the historical price action, SUI is poised to surge significantly and hit new highs in the coming days. Despite recent market volatility, SUI continues to maintain its upward trend, trading above its 200 exponential moving average (EMA) on a daily basis.